View IFT /PQ / REOI / RFP / PPS Notice Details
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Amendment / Corrigendum No. : 1
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| Amendment / Corrigendum Text : | Due to Change of tender document in PCC. |
| Field Name | Old Value | New Value |
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| PCC--F. Termination-- | The percentage to apply to the contract value of the works not completed, representing the Procuring Entityâ??s additional cost for completing the uncompleted Works, is 20 (Twenty) percent. |
The following additional events shall also be the compensation Events : If the contract is terminated following the fundamental breach of contact by the contractor. To quantify such Compensation the steps mentioned below shall apply :
(i) A Compensation Assessment Committee comprising of minimum 03 (Three) members shall be formed by the Procuring Entity/Project Manager to assess the Compensation to complete the remaining works as per lates LGED rate schedule.
(ii) The Assessed Compensation as recommended by the compensation
(iv) The Procuring Entity/ Project Manager shall however proceed to complete the remaining work engaging new contractor. |